How the financial crisis prompted Goldman Sachs to embrace social media

This event report discusses how Goldman Sachs is using social media. Initially, the bank saw little value in a channel that seemingly served of its few core business purposes.

How the financial crisis prompted Goldman Sachs to embrace social media

Sarah Shearman

Roughly a decade ago, Goldman Sachs was basking in the glow of an economic boom and reporting record earnings per share. Today, the bank's name is more widely-known among American consumers, but not for the reasons it would like; rather, it has been bracketed with the institutions saddled with the popular blame for the economic crisis which began in 2007.

Lisa Shalett, head of brand marketing and digital strategy at Goldman Sachs, told delegates at the "Brand New World" event – co-sponsored by The Barbarian Group and...

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